SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX
GBTC 13.110.0%Aug 13 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Elroy3/20/2019 12:03:50 AM
  Read Replies (1) of 169
 
I sold my GBTC in 2018, and on my 1099 form there is some confusing distributions which somehow come out of GBTC.

They appear on the Proceeds from Broker and Barter Exchange Transactions - UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column]

And the dollar amounts are positive. However, they are described in this section as "sold or disposed of" on a certain date, but under transactions in my brokerage account on the date there is no activity.

They also appear On the Fees and Expenses page they are categorized as Gross proceeds investment expense

And the dollar amounts are negative

---

Turbo Tax doesn't know what to do with them.

If it's income, I could just put it into Interest Income like a payment.

If they are expenses, I am itemizing, so I can probably just add them into margin expense to get the proper result.
Any idea where this amount should go to account for them properly?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext